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GFDA Quarter Index 2023Q3
Number of medical students in first class at Touro College of Osteopathic Medicine: 109
Speed of TDS fiber network being constructed door-to-door in Great Falls: 8GB
Scheels donation to support construction of Aim High Big Sky Natatorium and Recreation Center: $1 million
Permanent affordable supportive housing homes to be created in Baatz Building redevelopment: 25
Affordable owner-built homes created through NeighborWorks Great Falls: 175
Focus areas of GFDA’s new Economic Development Strategy: People, Place, Opportunities & Team
Number of priorities in new strategy: 19
Specific actions in strategy to be accomplished in three years: 46
Total wage earnings increase in Cascade County (Great Falls MSA) in four quarters ending 2023Q1: 11.5% or $208 million
Increase in average annual wage in Cascade County in four quarters ending 2023Q1: 8.1%
Increase statewide during same period: 6.4%
Increase nationwide during same period: 2.8%
Average annual wage in Cascade County compared to national in 2023Q1: 76%
Average annual wage in Cascade County compared to national when GFDA was formed: 63%
Employment growth in Cascade County in four quarters ending 2023Q1: 3.1%
Increase in business establishments in Cascade County in four quarters ending 2023Q1: 9% or 250
New murals created in Downtown Great Falls during 2023 ArtsFest Montana: 12
Total number of murals created downtown since inception of ArtsFest Montana: 48
Cost of living in Great Falls MSA in 2023Q1: 85.7% of national average
Great Falls MSA housing cost: 64.6% of national average
Bozeman cost of living: 120.4% of national average
Bozeman housing cost: 151.1% of national average
Billings cost of living: 100.6% of national average
Billings housing cost: 94.4% of national average
Total activities with companies we recorded during quarter: 387
New companies added to our CRM during quarter: 102
New client projects we started work on during quarter: 8
Existing client projects that made progress during quarter: 20
New project leads generated during quarter: 30
Activities with downtown Great Falls companies we recorded during quarter: 59
Entrepreneurs and small business clients advised during quarter: 88
New advising clients during quarter: 32
New capital secured by entrepreneur advising clients: $331,000
Entrepreneur and small business trainings during quarter: 6
Government contracting clients advised during quarter: 42
New government contracting clients advised during quarter: 2
Active government contracting clients at end of quarter: 153
Government contracting trainings during quarter: 1
Government contracts won by clients: $12,600,000
GFDA gap and bridge loans closed during quarter: $1,002,729
Additional private investment leveraged by these loans: $2,001,272
More gap and bridge loans approved by GFDA during quarter: $777,729
Additional private investment that will be leveraged by these loans: $1,626,272
New loan capital awarded to GFDA during quarter: $1,948,534
New loan capital funds received by GFDA during quarter: $664,645
Leading source of information influencing executive perceptions of an area’s business climate: dialogue with industry peers cited by 42%
Second highest source: business travel cited by 33%
Third highest source: articles in newspapers and magazines (print and online) cited by 32%
Fourth, internet/websites: 31%
Fifth, meetings with economic development groups: 26%
Digital media channel most used by executives: LinkedIn cited by 72%
Where do business executives get their news: New York Times first cited by 24%
Second highest source: Wall Street Journal cited by 22%
Drop in U.S. imports from China in 2023 compared to same months in 2022: -25%
China’s share of U.S. imports in 2025: 22%
Current share: 16.5%
Estimated number of traffic circles built in U.S. in last 25 years: 10,000
U.S. per capita healthcare spending in 2021: $12,318
Average per capita healthcare spending in the other 12 top developed countries: $5,829
Second highest than U.S. was Germany: $7,383
Green power available today in Great Falls from MATL Line: 130 MW
For info contact Jolene Schalper at [email protected]
or 1-406-750-4481
PDF of GFDA Quarter Index 2023Q3
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